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certainly the fiscal cliff is part of the story. if that happens and unemployment creeps back up again, then we have more structural problems that go well beyond housing. certainly it will be addressed. you are right, those beings that we are seeing and projecting through the first quarter of 2013, they need to be taken into context. it is good news and certainly going up is better than going down. but the key is that a lot of these markets, phoenix, miami, tucson, las vegas, all of these markets were severely hit during the downturn. this double-digit growth that is projecting the prices. [talking over each other] gerri: i think it's a great thing. mark, let me turn to you for a second. you said that home prices are up its% year-over-year. you are looking for more gains. the question that keeps coming to mind is how fragile is this recovery. you would think given the particulars, that people would be all over this marketplace. it's not happening. is a fragile recovery? >> actually don't think that fragile. we are in equilibrium rig
certainly the fiscal cliff is part of the story. if that happens and unemployment creeps back up again, then we have more structural problems that go well beyond housing. certainly it will be addressed. you are right, those beings that we are seeing and projecting through the first quarter of 2013, they need to be taken into context. it is good news and certainly going up is better than going down. but the key is that a lot of these markets, phoenix, miami, tucson, las vegas, all of these...
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the fiscal cliff that pushes our economy into another recession. the lower economy and higher taxes a bad cocktail. , promised a new era but that reminds me of groundhog's day. it is great to have my guess here. the perfect do well to talk monday morning quarterback. yourself awful the president today actually calling on boehner and harry reid to say we have to come together. we could have seen more of that from the first administrations that he is doing it now. what are the odds they get together? >> everyboby hopes they are high but you want to avoid the high stakes game of chicken and during the lame duck session. that could have been. but his willingness to meet with mitt romney and boehner to resolve the situation. but if you heard voters press conference he sounds like he is the same position under no circumstances will taxes ever be raised. gerri: he said the reelection of the president is not a mandate to raise taxes. this is a huge debate. can they come together? >> i believe we can seize the future together. we're not as divided as our po
the fiscal cliff that pushes our economy into another recession. the lower economy and higher taxes a bad cocktail. , promised a new era but that reminds me of groundhog's day. it is great to have my guess here. the perfect do well to talk monday morning quarterback. yourself awful the president today actually calling on boehner and harry reid to say we have to come together. we could have seen more of that from the first administrations that he is doing it now. what are the odds they get...
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Nov 19, 2012
11/12
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we call this fiscal cliff investing. bertha coombs joins us with the potential winners and losers in how investors can play all this with a fiscal cliff portfolio. >> and they've been doing it already. if the president and congress fail to reach a deal on the fiscal cliff the expectation is that stocks will be the big loser. defense stocks in particular with a prospect of massive budget cuts starting january 1st. now, they've been hard hit since the election, turning around a bit today. cnbc looked at a portfolio of etfs that correlate with the moves in the market on the fear of hitting fiscal cliffs in particular sectors, including etfs that short stocks, negative bets on the market, like the ultrashort s&p eft. down all year, its been a gainer since the election. consumer shorts, technologies, financials have been gainers since the election, until today. with more conciliatory talk coming from the white house and congressional leaders over the weekend, investors are showing more optimism maybe we will avoid the cliff.
we call this fiscal cliff investing. bertha coombs joins us with the potential winners and losers in how investors can play all this with a fiscal cliff portfolio. >> and they've been doing it already. if the president and congress fail to reach a deal on the fiscal cliff the expectation is that stocks will be the big loser. defense stocks in particular with a prospect of massive budget cuts starting january 1st. now, they've been hard hit since the election, turning around a bit today....
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Nov 22, 2012
11/12
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fixing the fiscal cliff fiasco. here we have it under control. if no one else is going to step up with a solution, we will get it started with our own answers about where to start with spending cuts. joining me to go through the ideas is our chief economist. brian, thank you for coming back on the show. >> thank you for having made. melissa: i am so sick of people coming on and saying what the other guy is going to give and not have a solution and i said, you know what, let's roll up our sleeves and get to work and come up with some solutions. we are talking about raising taxes and we haven't really drill down on the possible spending cuts out there. for example, senator coburn showing $67.9 million. it can be saved over the next 10 years by cutting nondefense spending. among those things. it was a huge report, more than 400 pages filled with all kinds of stuff. some examples were a smart phone half that alerts users when to take their coffee break. i feel like we are things we could be cutting. what do you think? >> the federal government is spe
fixing the fiscal cliff fiasco. here we have it under control. if no one else is going to step up with a solution, we will get it started with our own answers about where to start with spending cuts. joining me to go through the ideas is our chief economist. brian, thank you for coming back on the show. >> thank you for having made. melissa: i am so sick of people coming on and saying what the other guy is going to give and not have a solution and i said, you know what, let's roll up our...
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Sep 29, 2012
09/12
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because of the fiscal cliff we're all about to fall over. the white house estimates a typical middle class family of four will see its taxes rise by $2,200 bucks in 2013. remember, we put them in august. think of that as we head to november. you think things are going to get better? you think we're going to avoid that fiscal cliff? what should be done to save the middle class? let's keep this conversation going online. find me on facebook and twitter. have a great weekend. >>> from cnn world headquarters in atlanta, this is "cnn saturday morning." abortion, gun policy, the war on drugs. they're just some of the social issues shaping the presidential race. all morning, we're putting them in focus. >>> i could see in his face that there was a lot me
because of the fiscal cliff we're all about to fall over. the white house estimates a typical middle class family of four will see its taxes rise by $2,200 bucks in 2013. remember, we put them in august. think of that as we head to november. you think things are going to get better? you think we're going to avoid that fiscal cliff? what should be done to save the middle class? let's keep this conversation going online. find me on facebook and twitter. have a great weekend. >>> from cnn...
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Dec 6, 2012
12/12
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. >> posturing continues over the battle to avoid the fiscal cliff. another day ends with no face-to-face meeting between the president and the congressional leaders to break the stalemate. the president left town for a photo on with a middle-class family in west virginia. >> president obama says he's trying to highlight the impact of the tax hikes on the middle class. but the growing pressure from washington to stop the campaigning and sit down face-to-face. president obama headed to northern vavevave. he sat down with tiffany and her family to put a face on the fiscal cliff. >> for them to be burdened unnecessary because democrats and republicans are not coming together to solve the problem gives you a sense of the cost. >> tiffany used twitter to tell the president that her family can't afford the tax increase. back in washington, more gridlock. >> it up to the republicans to decide how long it is going to take. >> the president, he isn't interested in a balanced agreement. >> with both sides stuck on the tax hikes for the top 2%. >> i think it can
. >> posturing continues over the battle to avoid the fiscal cliff. another day ends with no face-to-face meeting between the president and the congressional leaders to break the stalemate. the president left town for a photo on with a middle-class family in west virginia. >> president obama says he's trying to highlight the impact of the tax hikes on the middle class. but the growing pressure from washington to stop the campaigning and sit down face-to-face. president obama headed...
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Nov 8, 2012
11/12
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this is on the fiscal cliff. the outlines would possibly look like this. raise taxes, certainly raise tax revenues right now, beginning next year. promise to cut spending down the road and ignore the deficit. you heard from speaker boehner. harry reid said, you can't push us around, we'll tax the rich. richard thumb came in we want to preserve medicare, medicaid, social security and we don't care about the deficit. you add that up, tax now, promise to cut later, ignore the deficit. that could be the outlines of a fiscal cliff deal. bill: be clear on that now. speaker boehner before the election last week. what he is saying, there is big distinction here now, you can raise revenue but don't touch the tax rates. >> yeah. bill: how would you do that? >> okay, you could do that by cutting some loopholes. obviously, with this new administration, you're not going to get tax rates cut. that was the romney plan, to raise revenues. so you could eliminate some loopholes, deductions, for example, as a way of bringing in more tax revenue. but you're right, bill, there
this is on the fiscal cliff. the outlines would possibly look like this. raise taxes, certainly raise tax revenues right now, beginning next year. promise to cut spending down the road and ignore the deficit. you heard from speaker boehner. harry reid said, you can't push us around, we'll tax the rich. richard thumb came in we want to preserve medicare, medicaid, social security and we don't care about the deficit. you add that up, tax now, promise to cut later, ignore the deficit. that could...
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Sep 29, 2012
09/12
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because of the fiscal cliff we're all about to fall over. the white house estimates a typical middle class family of four will see its taxes
because of the fiscal cliff we're all about to fall over. the white house estimates a typical middle class family of four will see its taxes
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Dec 3, 2012
12/12
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the so-called fiscal cliff was put in law because it was stuff that would be so unacceptable congress would never let it happen, enormous tax increases, grotesque cuts in spending but here we, it is in the law. congress does nothing which congress is good at doing and go over the cliff and some want to see that happen because then the crisis will generate the kind of bipartisan agreement we need but that is irresponsible. >>neil: it is looking more likely. then who picks up the pieces? >>guest: the country suffers. i don't think anyone gains politically. you know that almost everyone here in both parties will tell you if you talk to them privately, this ends with entitlement reform. not cutting programs like medicare but slowing down the growth in the programs because they are the big drivers of the deficit and raising more out of the revenue, out of the tax system. whether you call iterates or reform over whatever you call it, and each those touches the third rail of the parties, we have to get together and say, basically, we have to do something right for the country. if we had a bi
the so-called fiscal cliff was put in law because it was stuff that would be so unacceptable congress would never let it happen, enormous tax increases, grotesque cuts in spending but here we, it is in the law. congress does nothing which congress is good at doing and go over the cliff and some want to see that happen because then the crisis will generate the kind of bipartisan agreement we need but that is irresponsible. >>neil: it is looking more likely. then who picks up the pieces?...
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all of this the battle over the fiscal cliff. joining us is arch laugher, former advisor to president reagan and a valued guest on "varney and company". welcome back. >> thank you. lovely to be of value. stuart: i like the word value. >> it is a wonderful word. stuart: we have forgotten the true meaning of value but that is another story. i have been saying throughout the day that i think there may well be a fiscal cliff deal and that deal would be higher taxes now, immediately, promises of spending cuts down the road and according to richard trumka, don't care about the deficit. you go along with that? is that the kind of deal that might shape up? >> it makes sense. frankly republicans have lost heart. they shouldn't have but they have. that is the type of deal you will see happening and you will see a fiscal cliff. i don't like to call it is cliff. i like to call it tax armageddon. of the tax rate on the rich don't you will see a poor performance in 2013. you are going to see it anyway because people have already shifting, out
all of this the battle over the fiscal cliff. joining us is arch laugher, former advisor to president reagan and a valued guest on "varney and company". welcome back. >> thank you. lovely to be of value. stuart: i like the word value. >> it is a wonderful word. stuart: we have forgotten the true meaning of value but that is another story. i have been saying throughout the day that i think there may well be a fiscal cliff deal and that deal would be higher taxes now,...
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but maybe we get through the fiscal cliff, but then another fiscal cliff comes, that's the whole point of this. >> in fact, and there was a proposal this week to try it get rid of the fiscal cliffs and no longer give congress full power to extend the debt. but i think, i'll tell you what, i'm kind of curious to see the other guys, i think we're going over the fiscal cliff because i thk that congress would much rather have us go over the fiscal cliff and then vote to lower taxes and increase spending and they can't bare to raise taxes and reduce spending and that's where we'll end up in three months and have a vote to lower taxes and increase spending. >> jonas what does it do in the short-term, i know you're talking long-term. but short. >> they're scaring erybody about this, like we've got to keep pushinon or the world is going tond and it's not as bad a the politicians are pretending it is even. look, it's not a good thing, but psyched into a level and it will be worse than the real effect of having the tax increase on the government level and that's the danger, using it as a tool to
but maybe we get through the fiscal cliff, but then another fiscal cliff comes, that's the whole point of this. >> in fact, and there was a proposal this week to try it get rid of the fiscal cliffs and no longer give congress full power to extend the debt. but i think, i'll tell you what, i'm kind of curious to see the other guys, i think we're going over the fiscal cliff because i thk that congress would much rather have us go over the fiscal cliff and then vote to lower taxes and...
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Nov 9, 2012
11/12
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president obama faces the fiscal cliff as we were just talking about. republicans and democrats agreeing to work together to avoid dramatic cuts that could impact everything from the defense budget to your paycheck but that agreement has to happen soon. also ahead, a setback for recovery efforts in new york and new jersey as more gas rationing takes effect this morning. we'll be right back. alright let's break it down. mom, pop it. ♪ two inches apart, becky. two inches. t-minus nine minutes. [ ding ] [ female announcer ] pillsbury cinnamon rolls. let the making begin. ♪ that's been wrapped in a flaky crust stuffed with a gooey center toasted up all golden brown then given a delicious design? a toaster strudel. pillsbury toaster strudel. so delicious...so fun. >>> people up in new york city are fuming after finding a fema mobile office closed due to bad weather. it is on staten island where people are struggling without power, food or water right now. volunteers organized their open disaster relief on facebook gathering food and clothes for disaster
president obama faces the fiscal cliff as we were just talking about. republicans and democrats agreeing to work together to avoid dramatic cuts that could impact everything from the defense budget to your paycheck but that agreement has to happen soon. also ahead, a setback for recovery efforts in new york and new jersey as more gas rationing takes effect this morning. we'll be right back. alright let's break it down. mom, pop it. ♪ two inches apart, becky. two inches. t-minus nine minutes....
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who will blink first on the fiscal cliff? not the obama administration as timothy geithner told cnbc, bring it on. >> is the administration prepared to go over the fiscal cliff? >> absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. >> taxpayers might think that's easy for geithner to say. what about all those middle class families whose tax will go up more than $2,000 if, as geithner suggests, we take a dive off that cliff? even though president obama and john boehner chatted on the phone, there's still no deal. republicans are not amused. >> incredibly, many top democrats, including the president, seem perfectly happy. perfectly happy to go off the cliff. that's why the president has been more interested in campaign rallies than actually negotiating a deal. >> many americans don't have much hope the two side also come up with a deal. they've moved on already to plan b. the retired teacher in utah has put off plans to get a new car. brian chandler,
who will blink first on the fiscal cliff? not the obama administration as timothy geithner told cnbc, bring it on. >> is the administration prepared to go over the fiscal cliff? >> absolutely. again, there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. >> taxpayers might think that's easy for geithner to say. what about all those middle class families whose tax will go up more than $2,000 if, as geithner suggests, we...
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Nov 16, 2012
11/12
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this fiscal cliff. their eyes glaze over. now they are hearing nearly every single american taxpayer will see on average their tax rates go up by 3%. they are turning again. they are worried. i think that translates to everhing we're seeing in the stock market. that is the major uncertainty. people are now seeing how this will personally affect them in their finance. neil: my latest crackpot, and i have many, my latest one is this is all by design. i do think to senator murray's credit, washington, republicans don't budge on this. here comes the cliff. paraphrasing. the president more last telegraphing the same. they see a strategy in welcoming the cliff. come back in the new year and pick and choose that feel that they want. what do you think? >> i think you're exactly right. almost exactly wha happened. neil: i work for you. >> ninety-five is a great indication of what they think would happen now. i think they think that people we will blame the republicans because they are sticking to this so strongly that they have to rai
this fiscal cliff. their eyes glaze over. now they are hearing nearly every single american taxpayer will see on average their tax rates go up by 3%. they are turning again. they are worried. i think that translates to everhing we're seeing in the stock market. that is the major uncertainty. people are now seeing how this will personally affect them in their finance. neil: my latest crackpot, and i have many, my latest one is this is all by design. i do think to senator murray's credit,...
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Dec 5, 2012
12/12
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WBAL
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more tough words from the president and republican leaders over the fiscal cliff. as both sides dig in their heels the government is preparing for a worst-case scenario. >> pentagon and other federal agencies are beginning the process for preparing for deep spending cuts. with 27 days to go fiscal friday worked. >> we can't negotiate with ourselves. >> house republican leaders called for a sit-down with president obama and blasted him for turning down their deal. >> he put an offer on if table and he has rejected it. where are the specifics? where are the discussions? >> the president pointed the finger right back. >> nobody wants to get this done more than me. >> telling business leaders that if they use the fiscal cliff to wage a deal they have another thing coming. >> it is a bad strategy for america and it is not a gamely play. >> the stalemate comes as both parties remain at odds on whether to raise taxes on the welty and how deep to cut entitlement programs like social security and medicare. >> just because we're at a stalemate doesn't mean we won't get to a
more tough words from the president and republican leaders over the fiscal cliff. as both sides dig in their heels the government is preparing for a worst-case scenario. >> pentagon and other federal agencies are beginning the process for preparing for deep spending cuts. with 27 days to go fiscal friday worked. >> we can't negotiate with ourselves. >> house republican leaders called for a sit-down with president obama and blasted him for turning down their deal. >> he...
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Nov 16, 2012
11/12
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melissa: is it fiscal cliff, even if they come to a deal on the fiscal cliff not like the economy is getting better anytime soon. i see why it would be a disaster if we go over but i think we're in bad shape either way. >> i don't disagree. short term fiscal cliff or tumult in washington creates uncertainty. longer term the policy that will govern where this economy goes. and i think, as you pointed out some of the tax issues if that alone, the policy, as long as you continue down that path of highers taxes higher regulation, more intervention, a lost folks are saying will i want to participate in a game that simply seems rigged? melissa: what would you do from here? a lot of people asked me before the election, if president obama is reelected won't the stock market go up. i said no, absolutely. everyone says it will go down and that is exactly what happened. i want to give them the same sage advice . what do you do? do you buy gold? do you maybe, maybe real estate now is starting to make a lot of sense. prices are very low. interest rates are very low. you have to invest in somethin
melissa: is it fiscal cliff, even if they come to a deal on the fiscal cliff not like the economy is getting better anytime soon. i see why it would be a disaster if we go over but i think we're in bad shape either way. >> i don't disagree. short term fiscal cliff or tumult in washington creates uncertainty. longer term the policy that will govern where this economy goes. and i think, as you pointed out some of the tax issues if that alone, the policy, as long as you continue down that...
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Nov 10, 2012
11/12
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i'm talking about the fiscal cliff. those drastic spending cuts and tax hikes that kick in if president obama and congress don't strike a budget deal by the end of the year. tom foreman reports the president could get some pointers from a former president who was also a master negotiator, abraham lincoln. >> reporter: for those looking for inspiration in these troubled times, the new movie "lincoln" may be just what the director ordered. by all accounts, a mix of personal and political wisdom. >> it is a self-evident truth of things which are equal to the same thing are equal to each other. >> reporter: at the white house, president obama has long admired the 16th president. he took the oath on the same bible lincoln used. he stopped by the lincoln memorial. he often reads about lincoln and he's quite fond of quoting the rail splitter. >> i'm far more mindful of my own failings knowing exactly what lincoln meant when he said i have been driven to my knees many times by the overwhelming conviction that i had no place els
i'm talking about the fiscal cliff. those drastic spending cuts and tax hikes that kick in if president obama and congress don't strike a budget deal by the end of the year. tom foreman reports the president could get some pointers from a former president who was also a master negotiator, abraham lincoln. >> reporter: for those looking for inspiration in these troubled times, the new movie "lincoln" may be just what the director ordered. by all accounts, a mix of personal and...
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Dec 4, 2012
12/12
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fiscal cliff. our guest is republican representative tom cole of oklahoma, a member of the appropriations and budget committee. also joined by georgetown university tax law professor john buckley on how the alternative minimum tax is affecting fiscal negotiations. "washington journal" is next. ♪ ♪ host: 25 days to go before the united states faces the fiscal cliff, the white house has rejected a proposal from house republicans to prevent tax hikes and spending cuts at the end of the year. no formal talks between the two sides are scheduled today. will go outside the nation's capital to get your voice involved. republicans -- democrats -- independents -- send us a tweet, post your comments on facebook, or send us an e-mail. we begin with some of the papers across the country today and how this latest proposal from house republicans is playing out in the papers. courtesy of "the atlantic journal-constitution" -- here is "the denver post" -- finally, here is "of the arizona republic" -- here is "t
fiscal cliff. our guest is republican representative tom cole of oklahoma, a member of the appropriations and budget committee. also joined by georgetown university tax law professor john buckley on how the alternative minimum tax is affecting fiscal negotiations. "washington journal" is next. ♪ ♪ host: 25 days to go before the united states faces the fiscal cliff, the white house has rejected a proposal from house republicans to prevent tax hikes and spending cuts at the end of...
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Nov 15, 2012
11/12
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it is all about the fiscal cliff. talking spending cuts with house financial services committee ranking member barney frank. we'll find out which cuts he thinks both sides can agree on. >>> the two men leading the charge to fix the fiscal cliff db alan simpson and err kin bowles will tell us whether they think washington can rise above the rhetoric and reach a deal. we'll find out if they think an agreement will look anything like the plan they proposed nearly two years ago. >>> maria is still in chicago. i'm in new york. see you at the top of the hour for "closing bell." >>> a frightening headline for anyone who downs those energy drinks to stay awake. fda has received reports of 13 deaths over the last four years that could be related to the use of 5-hour energy. super caffeinated energy shot is what we are talking about. fda also received reports of deaths possibly tied to another energy drink, monster energy. -- story, monster beverage. currently down 25% since that news broke. down 1.6% today. herb's watching thi
it is all about the fiscal cliff. talking spending cuts with house financial services committee ranking member barney frank. we'll find out which cuts he thinks both sides can agree on. >>> the two men leading the charge to fix the fiscal cliff db alan simpson and err kin bowles will tell us whether they think washington can rise above the rhetoric and reach a deal. we'll find out if they think an agreement will look anything like the plan they proposed nearly two years ago....
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Nov 15, 2012
11/12
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melissa: forget congress fixing the fiscal cliff fiasco, who could possibly say that? here at "money" we have it under control. if no one will step up with a solution we'll get started with our own answers where to start with, spending cuts! joining me to go through the ideas, brian wesbury, chief economist at first trust advisors. brian, thanks so much for coming back on the show. >> good to be with you, melissa. melissa: i'm so sick people coming on saying what the other guy is going to give and not having a solution that i said, you know what? let's roll up our sleeves and come up with solutions. >> sure. melissa: what we're talking about raising taxes we haven't drilled down on the possible spending cuts out there. for example, senator coburn put out a report showing $67.9 billion can be saved over the next 10 years by cutting non-defense, defense spending. among those things, it was a huge report. more than 400 pages filled with all kind of stuff. some examples were a smartphone app that alerts users when to take their coffee breaks. i feel like these are things w
melissa: forget congress fixing the fiscal cliff fiasco, who could possibly say that? here at "money" we have it under control. if no one will step up with a solution we'll get started with our own answers where to start with, spending cuts! joining me to go through the ideas, brian wesbury, chief economist at first trust advisors. brian, thanks so much for coming back on the show. >> good to be with you, melissa. melissa: i'm so sick people coming on saying what the other guy...
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i'm talk about the fiscal cliff. if congress and the president don't act by the end of the year, nearly all of you, 90% of americans, will see your taxes rise by an average of $3,500 per household. what about disaster relief? and the congressional budget office says our economy would be pushed back into recession. i want to put congress on notice here. this week, we saw something unbelievable. and i'm not talking about simply these homes swallowed by sand and water, trees pulled from their roots. lower manhattan's skyline darkened. horrific images in america. and we also saw bipartisan cooperation. new jersey governor chris christie, one of the president'se fiercest critics, put aside politics for the good of the residents. both men heaping praise on each other. >> i cannot thank the president enough for his personal concern and compassion for our state and for the people of our state. and heard on the phone conversations with him, i was able to witness it today personally. >> i think the people of new jersey recogni
i'm talk about the fiscal cliff. if congress and the president don't act by the end of the year, nearly all of you, 90% of americans, will see your taxes rise by an average of $3,500 per household. what about disaster relief? and the congressional budget office says our economy would be pushed back into recession. i want to put congress on notice here. this week, we saw something unbelievable. and i'm not talking about simply these homes swallowed by sand and water, trees pulled from their...
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Nov 13, 2012
11/12
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they want a fiscal cliff deal. if you don't get it, i think it's got to be a real deal, then we will be downgraded, not just continuing under negative watch as they say, we will be downgraded. we will lose our aaa rating which we have at the moment according to moody's. they won't let us punt. they won't let us kick the can. you just can't keep things as nice the middle of 2013. no, there has got to be a solid deal and that deal must include the reduction of debt at some point in the future. martha: this administration was the first to preside over a downgrade of u.s. debt. we hope this isn't something we're going to get used to and see the same thing come from moody's. but as you point out, stuart, what they're looking for is a serious plan to cut spending. >> yes. martha: that is not something we've heard, the administration would say yes, we have put out there trillions of dollars of spending cuts and they couldn't get them passed. where are we in terms of all that in terms of cuts. >> it can't be a promise of c
they want a fiscal cliff deal. if you don't get it, i think it's got to be a real deal, then we will be downgraded, not just continuing under negative watch as they say, we will be downgraded. we will lose our aaa rating which we have at the moment according to moody's. they won't let us punt. they won't let us kick the can. you just can't keep things as nice the middle of 2013. no, there has got to be a solid deal and that deal must include the reduction of debt at some point in the future....
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Dec 6, 2012
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the fiscal cliff is bearing down on us. they might settle 0* reece's pieces in the senate cafeteria for a special screening of lincoln. we will keep you posted on these developments. >> stop getting on youtube so you can see "gangnam style." and start using the precious social media skills to go out and sign people up on this baby. three people a week. let it grow. >> did you ever think this is what rome looked like in its final days? it is arguably the best fiscal video i have ever seen. the 81-year-old former debt commission co chair is shaking his money maker in hopes of getting young people engaged in the set issue. since it is teaming up with a group called the can kicks back. nick, were you the can? >> no, that was my colleague, ryan. he got the short stick on that one. >> i don't think so. i would have paid dearly for that spot. your point is what with this wake up young people to help with an issue. you guys really are going to get the bill. >> we know debt is not the sexiest issue for our generation, but it is the
the fiscal cliff is bearing down on us. they might settle 0* reece's pieces in the senate cafeteria for a special screening of lincoln. we will keep you posted on these developments. >> stop getting on youtube so you can see "gangnam style." and start using the precious social media skills to go out and sign people up on this baby. three people a week. let it grow. >> did you ever think this is what rome looked like in its final days? it is arguably the best fiscal video i...
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talk about that do you know the fiscal cliff. do you think a lot of americans do so then why is the media talking about it incessantly well so good there i i guess i'm not as informed as i should be but i just kind of figure it might work out do you think most people feel that way you know you think most people are worried i think they are and i think that if i ignored it all go away do you think calling it something like the fiscal cliff minimizes it yes and no i definitely agree that it's a complex problem i don't think it simplifies it though i think it adds an element of panic or fear looming. doom that and the media loves that yeah do you think there's actually something to worry about or do you think it's something the politicians and the media used to distract us from what's really going on politics and media for sure so what's really going on that they're distracting us from. their own personal agendas people fall into a trip when it comes to reelecting. people that don't do their job. which is all of them you know in a w
talk about that do you know the fiscal cliff. do you think a lot of americans do so then why is the media talking about it incessantly well so good there i i guess i'm not as informed as i should be but i just kind of figure it might work out do you think most people feel that way you know you think most people are worried i think they are and i think that if i ignored it all go away do you think calling it something like the fiscal cliff minimizes it yes and no i definitely agree that it's a...
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Nov 8, 2012
11/12
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MSNBC
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how do you approach the fiscal cliff in. >> well, of course the fiscal cliff has two pieces. one the across the board meat ax sequester cuts which everybody agrees are a bad way to cut the deficit. and i do believe we'll find a way to buy down those cuts, find alternative ways to save money for a temporary period while we negotiate other things. now, on the tax part of the fiscal cliff, i would argue strongly that that was a major part of the campaign and -- >> i'm talking about the budget cuts, right. >> he was crystal clear he said we should avoid the main part of the fiscal cliff by extending all of the middle class tax cuts and that number you used of around $500 billion, most of that comes from the middle class tax cuts and what the president has said we should extend all of those middle class tax cuts right away. it's republicans who have said, wait a minute, nobody gets any tax relief unless very wealthy people, people like mitt romney, get this bonus tax break. >> but the president has said he would veto a bill that would extend all of the bush tax cuts, give the weal
how do you approach the fiscal cliff in. >> well, of course the fiscal cliff has two pieces. one the across the board meat ax sequester cuts which everybody agrees are a bad way to cut the deficit. and i do believe we'll find a way to buy down those cuts, find alternative ways to save money for a temporary period while we negotiate other things. now, on the tax part of the fiscal cliff, i would argue strongly that that was a major part of the campaign and -- >> i'm talking about the...
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Nov 26, 2012
11/12
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KPIX
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they're expressing optimism about the prospect of reaching a deal to avoid the fiscal cliff but cbs reporter danielle hotting ham said they're also sounding some alarms. >> reporter: the senate returns today with just five weeks left to hammer out a deal to avoid the fiscal cliff. republican senator bob corker says lawmakers need to show some political courage to prevent tax increases and spending cuts from taking effect january 1st. >> there's a menu of options on the revenue side and on the entitlement side, and while there are two parties, they are willing to solve this problem, this is a very easy thing to do technically. >> reporter: republicans are hinting they may be open to a compromise that raises revenue but many are still firm they won't let bush-era tax cuts expire for the wealthiest americans. >> i would be very much opposed to raising tax rates but i do believe we can close a lot of loop holes. >> reporter: democrats say just closing loop holes and limiting deductions is not enough to make a dent in the nation's $16 trillion deficit. >> you've got to raise additional revenues,
they're expressing optimism about the prospect of reaching a deal to avoid the fiscal cliff but cbs reporter danielle hotting ham said they're also sounding some alarms. >> reporter: the senate returns today with just five weeks left to hammer out a deal to avoid the fiscal cliff. republican senator bob corker says lawmakers need to show some political courage to prevent tax increases and spending cuts from taking effect january 1st. >> there's a menu of options on the revenue side...
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Nov 16, 2012
11/12
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WUSA
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cliff and trying to figure out some sort of deal. if they can't make it happen on january 1st the bush era tax cuts expire and some drastic budget cuts will king. the president says any deal must include asking wealthier americans to pay more in taxes. >>> the president also toured staten island today, getting a firsthand look at the damage from superstorm sandy. he visited a neighborhood where 19 people were killed. the president thanked first responders, military personnel and fema workers for helping in the recovery. 47,000 new yorkers have applied for housing help through fema. many of them want the government to act faster. the president urged insurance companies to, quote, show some heart and some spirit in helping people rebuild. ,everyonce in awhile you hear the story of a person who has overcome unthinkable adversity to rise above and soar. tonight the children's defense fund honored ten such teens. >> eva maria, let me tell you about this girl. >> the police would be at our house constantly. basically i was forced to grow u
cliff and trying to figure out some sort of deal. if they can't make it happen on january 1st the bush era tax cuts expire and some drastic budget cuts will king. the president says any deal must include asking wealthier americans to pay more in taxes. >>> the president also toured staten island today, getting a firsthand look at the damage from superstorm sandy. he visited a neighborhood where 19 people were killed. the president thanked first responders, military personnel and fema...
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Dec 12, 2012
12/12
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CSPAN
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negotiations continue over the so-called looming fiscal cliff. yesterday president obama and john boehner spoke by phone. washington post reported however that they are still working on a deal and nothing is locked down yet. we will talk more about the fiscal cliff this morning on "the washington journal." what tax deductions would you give up as part of a solution to the deficit problems? here are the numbers to call. for republicans, 202-585-3881. for democrats, 202-585-3880. for independents, 202-585-3882. you can also find us online. send us a tweet, twitter.com/c- spanwj. find a son facebook and weigh in there. at journal@c- span.org. "the christian science monitor," asked what we would be willing to give up. "americans would be willing to give up the tax deduction for charitable giving over other popular tax breaks." host: let's take a look at the results of this poll. 25% said that they would be willing to give up the charitable giving tax deduction. almost the same amount said it would be willing to give up their deduction for state taxes
negotiations continue over the so-called looming fiscal cliff. yesterday president obama and john boehner spoke by phone. washington post reported however that they are still working on a deal and nothing is locked down yet. we will talk more about the fiscal cliff this morning on "the washington journal." what tax deductions would you give up as part of a solution to the deficit problems? here are the numbers to call. for republicans, 202-585-3881. for democrats, 202-585-3880. for...
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Dec 1, 2012
12/12
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CNNW
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the middle class' most cherished tax break could be in the crosshairs of the fiscal cliff negotiations. we're talking about the mortgage interest deduction. it's been around for 99 years, but it's costing the government $80 billion this year and will reach $100 billion by 2014 making it the third largest tax expenditure according to the congressional research service. who is it really helping in the most recent irs tax data show 41 million people claim this deduction on their 2010 taxes, but the tax policy center points out it tends to benefit upper middle class families the most. for those with annual incomes of less than $40,000 a year, the average tax savings is just 91 bucks. for the people earning $250,000 a year, the annual tax savings runs about $5,500, and critics say it's not really helping to boost homeownership. going to talk to one of them in a moment. the homeownership rate in the u.s. is now about 65%. it was up near 70% during the housing boom in 2005 and 2006. now we're back to levels we last saw in the 1990s. yes, the great recession is partly to blame, but the fact is
the middle class' most cherished tax break could be in the crosshairs of the fiscal cliff negotiations. we're talking about the mortgage interest deduction. it's been around for 99 years, but it's costing the government $80 billion this year and will reach $100 billion by 2014 making it the third largest tax expenditure according to the congressional research service. who is it really helping in the most recent irs tax data show 41 million people claim this deduction on their 2010 taxes, but...
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Dec 1, 2012
12/12
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FOXNEWSW
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you have washington elite chanting fiscal cliff, fiscal cliff, hoping to convince republicans to do something stupid because the alternative would be going off the fiscal cliff. it is and of people, the very people trying to bully us now. all you have to say is let's break it into 12, 15 foothills, no cliffs. now one by one, solve each of the smaller problems until we get to some solutions. you don't have to panic over this i want to confess something. what i outlined for you, i copied from tip o'neil. when he was faced with ronald reagan in 1981, he knew he couldn't beat him in head-to-head negotiating but thought he could preserve the democratic party and welfare state in a long battle of attrition. o'neil who had a ran senate, republican president, used the power of house over and over again to slow the momentum. i think republicans got to understand they are not going to get any good deal from barack obama. he has contempt for them. he shows that on a regular basis. he's a hard-line left winger. they've got to think through the american people have chosen him he's going to be ou
you have washington elite chanting fiscal cliff, fiscal cliff, hoping to convince republicans to do something stupid because the alternative would be going off the fiscal cliff. it is and of people, the very people trying to bully us now. all you have to say is let's break it into 12, 15 foothills, no cliffs. now one by one, solve each of the smaller problems until we get to some solutions. you don't have to panic over this i want to confess something. what i outlined for you, i copied from tip...
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Dec 6, 2012
12/12
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MSNBCW
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straight ahead, forget the fiscal cliff for a second. how do we get america's economy growing again? mean a man with a plan next in the guest spot. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. let's see if we can get the same item at walmart for less? okay. fijit friends. fifteen bucks on rollback. wow! that's a savings of over 29 bucks! twenty-nine bucks!!?? and they're powered by friendship. see for yourself if you could save on the brands you want. walmart. perfect golden color. rich in fiber. my dad taught me, and i taught my son out there. morning, pa. wait... who's driving the...? ♪ 99 bushels of wheat on the farm, 99 bushels of wheat ♪ [ male announcer ] yep, there's 8 layers of whole grain fiber in those mini-wheats® biscuits... to help keep you full... ♪ 45
straight ahead, forget the fiscal cliff for a second. how do we get america's economy growing again? mean a man with a plan next in the guest spot. can i help you? i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holiday deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. let's see if we can get the same...
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Nov 7, 2012
11/12
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MSNBC
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because of the fiscal cliff. and because of the fy-13 or 2013 appropriations which have now been moved to next year. how much of a player does he make himself? is he going to be at the table at the white house like he was in august of 2011 when he very much pushed back against the white house and the rhetoric? he will be way more than a big player. but i think he may not try to be in your face as you might expect. >> expect him to talk about the fiscal cliff today. do you buy it? >> i like speaker boehner. he's old school. but i think he has a caucus biting at his heels. i don't know that he'll do that or won't. >> great to have you here. thank you so much. >>> something to keep you up to speed on because we are watching it. this possibility of a nor'easter adding insult to injury on the eastern seaboard. now bracing for this bad weather. today this storm could dump up to a foot of snow and bring more flooding to coastal areas. more than 1200 flights have been canceled. and michael bloomberg is urging residents i
because of the fiscal cliff. and because of the fy-13 or 2013 appropriations which have now been moved to next year. how much of a player does he make himself? is he going to be at the table at the white house like he was in august of 2011 when he very much pushed back against the white house and the rhetoric? he will be way more than a big player. but i think he may not try to be in your face as you might expect. >> expect him to talk about the fiscal cliff today. do you buy it? >>...
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Nov 18, 2012
11/12
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KBCW
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what about the fiscal cliff? everyone's talking about this right now as we take tape it, it's unsettled and i am sure it will be by the time it airs. it means that people's taxes may go up. people who can afford it and people who can't afford it and maybe they're at the edge already. do you assume that your lines may get longer if the fiscal cliff happens? >> if the -- if we go off of the fiscal cliff, it will definitely be a downward pressure on the whole economy and cuts in other programs. i believe the snap program, the food stamp program is fairly well-protected but other programs like the commodity program, the wic program, they will take a haircut. >> and people missing something they thought they needed before. >> that's right. >> and are you accommodating to that? are you planning ahead and saying let's -- can you do that at this point? >> you can. >> the fema money? >> it's almost catastrophic. to plan for a catastrophe like that is not doable. >> if you went and sat down with somebody at fema, i assume
what about the fiscal cliff? everyone's talking about this right now as we take tape it, it's unsettled and i am sure it will be by the time it airs. it means that people's taxes may go up. people who can afford it and people who can't afford it and maybe they're at the edge already. do you assume that your lines may get longer if the fiscal cliff happens? >> if the -- if we go off of the fiscal cliff, it will definitely be a downward pressure on the whole economy and cuts in other...
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Nov 10, 2012
11/12
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FOXNEWSW
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we have a fiscal looming cliff at the end of the year. hopefully we can get both sides to come to the right. >> it is important for the president to not be intransient. the stock market took a beating. and that should send a strong signal that taking more taxes out of the economy for the benefit of the federal government is not popular. and so both sides need to be a little bit more respectful of the positions and give each other latitude and trust and so we can solve the problem. >> republicans believe it is it a man date of their own because they retained the house in the last election. how do you see compromise comingalt a time when both sides are alined. >> we are soing that each one has their own basic power. speaker boehner has control of the house. and majority leader reed reed has his and mcconle the minority leader. you need certain amount of republicans in the senate to come with the president. they have their own power base they are working it is it the triangulation that we will see. who and what form is it the coalition that
we have a fiscal looming cliff at the end of the year. hopefully we can get both sides to come to the right. >> it is important for the president to not be intransient. the stock market took a beating. and that should send a strong signal that taking more taxes out of the economy for the benefit of the federal government is not popular. and so both sides need to be a little bit more respectful of the positions and give each other latitude and trust and so we can solve the problem....
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charles: on that note, we are talking about the fiscal cliff. earlier today, president obama brought the debt ceiling debate, or would be debate into the picture. it feels like a lot of the work that you do -- people say okay, we spent 100 grand on this or maybe watching the shrimp on a treadmill. it's not a big deal. >> is a big deal because the way you eliminate a trillion dollar deficit is a billion dollars at a time. the wavy you get a billion dollars is 100 million or $10 million at a time. so what is our excuse? can we say that it is okay to waste money and hundreds of thousands of small areas that add up to trillions of dollars? or do we have to look at big areas? what i would put forward is congress isn't doing their job and how they write it and oversight it. i still pick up any of my feet on the ground because the penny is were 3.5 cents. anyone in america who is struggling today, we don't have the luxury of ignoring stupidity and waste anymore. charles: i have less than a minute. i have to squeeze this in here. you think we could be a
charles: on that note, we are talking about the fiscal cliff. earlier today, president obama brought the debt ceiling debate, or would be debate into the picture. it feels like a lot of the work that you do -- people say okay, we spent 100 grand on this or maybe watching the shrimp on a treadmill. it's not a big deal. >> is a big deal because the way you eliminate a trillion dollar deficit is a billion dollars at a time. the wavy you get a billion dollars is 100 million or $10 million at...